3- For each game below, determine and justify if the game is perfect recall. If the game features perfect recall, find the set of SPNE.

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter20: The Problem Of Adverse Selection Moral Hazard
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3- For each game below, determine and justify if the game is perfect recall. If the game features perfect recall, find the set
of SPNE.
a
b
a
2
11
||
5 11
6
~^~^~^~
m
9
11 13 15
10 12 14
16
(a)
ܘ
3
7
x
1
2
X/Y 2/¹
7
5 11
6
~^^~^^~
m
9
11 13 15
10 12 14 16
Transcribed Image Text:3- For each game below, determine and justify if the game is perfect recall. If the game features perfect recall, find the set of SPNE. a b a 2 11 || 5 11 6 ~^~^~^~ m 9 11 13 15 10 12 14 16 (a) ܘ 3 7 x 1 2 X/Y 2/¹ 7 5 11 6 ~^^~^^~ m 9 11 13 15 10 12 14 16
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